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Message
re: In the market for a house...
Posted on 5/8/24 at 9:48 am to No Colors
Posted on 5/8/24 at 9:48 am to No Colors
quote:
Total household income is $160k
quote:
lose to $3500-$4000 a month
Fast forward a few years. Cars are wearing out. House needs work. A kid shows up and the wife wants to take time off work. Daycare. Someone has a medical issue.
You can't afford it.
My thoughts as well. So wild how little an income like that can get you today. What's really disheartening is seeing all of these houses appraised at 150-250k just 3 or so years ago.
1
Posted on 5/8/24 at 10:17 am to jlovel7
The state of the market really does suck. We sold our last house almost 2 years ago, and had been renting ever since. We just bought a house in February that we thought was actually worth asking price. Even then it was mostly luck and circumstance. The price of building right now is even worse.
Not much advice I can give other than be patient, and props for focusing on saving. Ultimately, I think prices will start coming back down with current interest rates but who knows.
Not much advice I can give other than be patient, and props for focusing on saving. Ultimately, I think prices will start coming back down with current interest rates but who knows.
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